First, the committee wishes to thank everyone for their valuable input.
The Century Mining Shareholders’ Committee met this evening to discuss a variety of subjects.
Over the last two days, we have been receiving numerous pieces of information from shareholders, and we now believe there is sufficient weight of evidence to warn shareholders that we are expecting some negative news to be released by the Company, perhaps as early as tomorrow.
We have heard about negative or poor operational results at Lamaque, as well as the possible shutdown of the operation in Peru.
We would like to remind shareholders that the recent news release about the cone crusher failure at Lamaque was written with an excessively negative tone, and we expect the same thing to occur with this imminent news release.
We believe that their intention is to shake the tree as hard as they can, just before the record date (Thursday April 7), as it is possible to settle trades executed tomorrow before the end of business on the 7th, allowing those shares to vote in May.
The Committee is not in a position to recommend or dictate strategies to shareholders.
However the company's strategy here is transparent. It is designed to purposefully frighten retail shareholders into selling their shares, into their hands, in order for the company to obtain as many shares as they can before the record date.
We urge you not to take the bait, and to remain calm in the face of this manipulation.
In fact, we believe that the best defence is a good offence, and that a good strategy for anyone opposed to the merger is to turn the tables and beat them at their own game.
An artificially depressed share price at this time presents an excellent buying opportunity while at the same time keeping shares in friendly hands.
The Committee is working strongly towards the development of multiple strategies to both protect and enhance shareholder value.
Please continue to submit information to the Committee, as this notice was made possible only with your collective contributions and support.
We are also working towards the development of a Poison Pill strategy, which may be executed as a last resort. When the timing is right, individual strategies will be clearly described, and complete guidance will be offered. We will keep you as well informed as we are able.CMM Committee